Crypto is expanding the boundaries of what can be priced
Summary
Crypto is shifting from creating novel tokens toward building continuous markets for existing subjects, including elections, commodities, and private-company valuations. Prediction markets and perpetual futures can provide round-the-clock price signals without giving traders ownership or shareholder rights. The author argues that blockchain markets broaden participation and turn price discovery into a product, potentially making crypto valuable as global information infrastructure. This vision depends on networks improving throughput, latency, reliability, liquidity, and risk management.
